A&H |
Accident and Health |
|
A&I |
Accident and Indemnity |
|
A&S |
Accident and Sickness Insurance |
|
a/m |
Above Mentioned |
|
AAA |
American Academy of Actuaries; American Accounting Association |
|
AAIS |
American Association of Insurance Services |
|
AAR |
Against All Risks |
|
AAU |
Associated Aviation Underwriters |
|
ABS |
American Bureau of Shipping |
|
Ac |
Accident |
|
ACH |
Automated Clearing House |
|
ACIF |
All Canada Insurance Federation |
|
ACLU |
American College of Life Underwriters |
|
ACMI |
Aircraft Crew Maintenance and Insurance |
|
ACSC |
Association of Casualty and Surety Companies |
|
ACV |
Actual Cash Value |
|
ADB |
Accidental Death Benefit |
|
AEAI |
Association Européenne des Assurés de l'Industrie |
|
AEC |
Additional Extended Coverage |
|
AFA |
Associated Fraternities of America; Aerospace Financial Assurance |
|
AFIA |
American Foreign Insurance Association |
|
AGC |
Associated General Contractors |
|
AHA |
American Hospital Association |
|
AHIS |
American Hull Insurance Syndicate |
|
AIA |
American Insurance Association |
|
AIC |
Asian Insurance Council |
|
AICD |
Automobile Insurance Claim Depository |
|
AICPA |
American Institute of Certified Public Accountants |
|
AIDA |
Association Internationale de Droit d'Assurance |
|
AIIC |
Associate of the Insurance Institute of Canada; Arab International Insurance Company |
|
AIMR |
Association for Investment Management and Research |
|
AIMU |
American Institute of Marine Underwriters |
|
AIOA |
Aviation Insurance Offices' Association |
|
AIPLU |
American Institute for Property and Liability Underwriters |
|
AIRM |
Association of Insurance Risk Managers |
|
AIS |
Accounting Information System |
|
AIV |
Appreciation in Value |
|
ALC |
American Life Convention |
|
ALE |
Additional Living Expenses |
|
ALGOL |
Algorithmic Language |
|
ALIMD |
Association of Life Insurance Medical Directors |
|
ALOP |
Advance Loss of Profit |
|
AMA |
American Medical Association |
|
AmCham |
American Chamber of Commerce |
|
AMIA |
American Mutual Insurance Alliance |
|
AML |
Absolute Maximum Loss |
|
AMS |
American Meteorological Society |
|
AMU(BC) |
Association of Marine Underwriters of British Columbia |
|
ANI |
American Nuclear Insurers |
|
ANL |
Above Normal Loss |
|
ANLE |
Above Normal Loss Expectancy |
|
ANSI X12 |
American National Standards Institute (for interindustry electronic interchange of business transactions) |
|
AO |
At Occupation |
|
AP |
Additional Premium |
|
APC |
Auditory Practices Committee |
|
APL |
Anticipated Probable Loss; Automatic Premium Loan; Average Probable Loss |
|
APQP |
Advanced Product Quality Planning |
|
AR |
Accounts Receivable; All Risks |
|
ARC |
Asian Reinsurance Corporation |
|
ARIA |
American Risk and Insurance Association |
|
ARIAS |
AIDA |
|
ARP |
Assigned Risks Pool |
|
ARR |
All Risks Reinsurance |
|
AS |
Automatic Sprinkler |
|
ASA |
American Standards Association |
|
ASCE |
American Society of Civil Engineers |
|
ASCS |
Agricultural Stabilization and Conservation Service |
|
ASEAN |
Association of Southeast Asian Nations |
|
ASIM |
American Society of Insurance Management |
|
ASLO |
Associated Scottish Life Offices |
|
ASO |
Administrative Services Only |
|
ASP |
Advanced Studies Program |
|
ASTIN |
Actuarial Studies in Non-Life Insurance |
|
ATIMA |
As Their Interest May Appear |
|
ATP |
Automatic Train Protection |
|
Au |
Automobile |
|
AUC |
Assets Under Construction |
|
AUM |
Assets Under Management |
|
AUTHOR |
Authorization |
|
B&C |
Building and Contents |
|
B/Down |
Breakdown |
|
B/L |
Bill of Lading |
|
B2B |
Business to Business |
|
BACT |
Best Available Control Technology |
|
BANSTA |
Banking Status |
|
BAP |
Basic Automobile Policy; Business Automobile Policy |
|
BATNEEC |
Best Available Technology Not Entailing Excessive Costs |
|
BBB |
Banker's Blanket Bond |
|
BBSU |
Bid Bond Service Undertaking |
|
BCP |
Blanket Crime Policy |
|
BDI |
Both Days Inclusive |
|
BFL |
Business Facility Lease |
|
BFUP |
Board of Fire Underwriters of the Pacific |
|
BI |
Bodily Injury; Business Interruption |
|
BIA |
British Insurance Association |
|
BIBA |
British Insurance Brokers' Association |
|
BIM |
British Institute of Management |
|
BLAR |
British League against Rheumatism |
|
Bo |
Bonding |
|
BOBO |
Bourgeois Bohemian |
|
BP |
Brick Protected |
|
BPB |
Blanket Position Bond |
|
BR |
Brick; Builder's Risk |
|
BSM |
British School of Motoring |
|
BSP |
Bank Settlement Plan/Billing and Settlement Plan |
|
BU |
Burglary; Brick Unprotected |
|
BV |
Brick Veneered |
|
BVC |
Bureau Veritas Class |
|
C |
Casualty; Combined |
|
C of C |
Course of Construction |
|
C% |
Cent Percent |
|
C&F |
Cost and Freight |
|
CAAT |
Computer Assisted Auditing Techniques |
|
CAD |
Computer Aided Design |
|
CAE |
Computer Aided Engineering |
|
CAIG |
Canadian Aircraft Insurance Group |
|
CAIR |
Canadian Insurance Rating |
|
CALI |
Compulsory Automobile Liability Insurance |
|
Canc. |
Cancel |
|
CAP |
Chicago Area Program |
|
CAPEX |
Capital Expenditures |
|
CAPM |
Capital Asset Pricing Model |
|
CAPP |
Conference of Actuaries in Public Practice |
|
CAR |
Contractors All Risks |
|
CAS |
Casualty Actuarial Society |
|
CB |
Cash Book |
|
CBB |
Commercial Blanket Bond |
|
CBE |
Commander of the Order of the British Empire |
|
CBMU |
Canadian Board of Marine Underwriters |
|
CBMUA |
Canadian Boiler and Machinery Underwriters Association |
|
CC |
Captain's Copy |
|
CCC |
Commodity Credit Corporation |
|
CCIA |
Consumer Credit Insurance Association |
|
CCR |
Central Contractor Registration |
|
CDDD |
Comprehensive Dishonesty |
|
CDIA |
Centre of Documentation and Information |
|
CDP |
Comprehensive Dwelling Policy |
|
CEA |
Comité Européen des Assurances; Committee of European Assurance |
|
CECR |
Civil Engineering Completed Risks |
|
CEIOPS |
Committee of European Insurance and Occupational Pensions Supervisors |
|
CEMT |
Council of European Ministers of Transport |
|
CERCLA |
Comprehensive Environmental Response |
|
CF |
Carried Forward |
|
CFI |
Cost |
|
CFIAB |
Canadian Federation of Insurance Agents and Brokers |
|
CFM |
Cubic Feet per Minute |
|
CFPA |
Europe Confederation of Fire Protection Association Europe |
|
CFR |
Crash/Fire Rescue Vehicles; Centre for Fire Research; Cost and Freight |
|
CGL |
Comprehensive General Liability |
|
CHIA |
Canadian Health Insurance Association |
|
CHIAA |
Crop-Hail Insurance Actuarial Association |
|
CHUA |
Canadian Hail Underwriters Association |
|
CI |
Cost and Insurance; Certificate of Insurance |
|
CIA |
Cotton Insurance Association; Canadian Institute of Actuaries |
|
CIAC |
Canadian Independent Adjusters Conference |
|
CICMA |
Canadian Insurance Claims Managers Association |
|
CIEL |
Centre for International Environmental Law |
|
CIF |
Cost |
|
CIF&C |
Cost |
|
CIFC&I |
Cost |
0 |
CII |
Chartered Insurance Institute |
|
CILA |
Chartered Institute of Loss Adjusters |
|
CIP |
Freight/Carriage and Insurance Paid to… |
|
CIRV |
Convention Internationale de Récupération des Véhicules Volés |
|
CIS |
Corporate Information System |
|
CIT |
Commission on Insurance Terminology of the American Risk and Insurance Association |
|
CL |
Chain Ladder; Current Liabilities |
|
CLR |
Complementary Loss Ratio |
|
CLU |
Chartered Life Underwriter |
|
CME |
Chicago Mercantile Exchange |
|
CMI |
Comité Maritime International |
|
CML |
Credible Maximum Loss |
|
CMP |
Cost Management Process |
|
Cnts. |
Contents |
|
Co. |
Coinsurance |
|
COBOL |
Common Business Oriented Language |
|
COD |
Cash on Delivery |
|
COFSA |
Commonwealth and Overseas Fire Services Association |
|
COL's |
Corporation of Lloyd's |
|
COM |
Computer Output Microfilm |
|
COMDIS |
Commercial Dispute |
|
Comp. |
Comprehensive; Compensation |
|
Comp. Op. |
Completed Operations |
|
COSHH |
Control of Substances Hazardous to Health |
|
CP |
Capacity |
|
CPA |
Certified Public Accountant |
|
CPC |
Commercial Property Coverage |
|
CPCU |
Chartered Property and Casualty Underwriter |
|
CPE |
Construction Plant and Equipment |
|
CPLDS |
Classification |
|
CPM |
Construction |
|
CPS |
Centre for Policy Studies |
|
CR |
Credit Report |
|
CREADV |
Credit Advice Message |
|
CREEXT |
Extended Credit Advice Message |
|
CREMUL |
Multiple Credit Advice Message |
|
CRISTAL |
Contract Regarding an Interim Supplement to Tanker Liability for Oil Pollution |
|
CRO |
Cancelling Returns Only |
|
CRTD |
Convention on Civil Liability for Damage Caused during Carriage of Dangerous Goods |
|
by Road |
Rail and Inland Navigation Vessels |
|
CSA |
Canadian Standards Association |
|
CSL |
Combined Single Limit |
|
CSRP |
Canadian Sprinkler Risk Pool |
|
CST |
Central Standard Time |
|
CT |
Certified Transport |
|
CTL |
Constructive Total Loss |
|
CTLO |
Constructive Total Loss Only |
|
CUA |
Canadian Underwriters Association |
|
CUNA |
Credit Union National Association |
|
CVIA |
Computer Virus Industry Association |
|
CVLI |
Cash Value Life Insurance |
|
D&O |
Director and Officials/Officers |
|
DA Plan |
Deposit Administration Plan |
|
DAF |
Delivered at Frontier |
|
DBA |
Doing Business As |
|
DBL |
Disability Benefit Law |
|
DBMS |
Data Base Management System |
|
DDD |
(Comprehensive) Dishonesty |
|
DDL |
Data Definition Language |
|
DDP |
Delivered |
|
DDU |
Delivered |
|
DEBADV |
Debit Advice Message |
|
DEBMUL |
Multiple Debit Advice Message |
|
Ded |
Deductible |
|
DEQ |
Delivered ex Quay |
|
DES |
Delivered ex Ship |
|
DESH |
Design of an Experiment to Suppress Hail |
|
DFA |
Design for Assembly |
|
DFM |
Design for Manufacturing |
|
DH |
Double Hydrant |
|
DI |
Double indemnity |
|
DIC |
Difference in Conditions Coverage |
|
DIL |
Difference in Limit |
|
DIRDEB |
Direct Debit Message |
|
DISC |
Disability Insurance Sales Course |
|
DITC |
Disability Insurance Training Council |
|
DLP |
Date of Last Payment |
|
DML |
Data Manipulation Language |
|
DNR |
Do Not Renew (a Policy) |
|
DOB |
Date of Birth |
|
DOC |
Drive Others' Cars |
|
DOCADV |
Documentary Credit Advice Message |
|
DOCAMA |
Advice of an Amendment of a Documentary Credit |
|
DOCAMI |
Documentary Credit Amendment Information Message |
|
DOCAMR |
Request for an Amendment of a Documentary Credit Message |
|
DOCAPP |
Documentary Credit Application Message |
|
DOCARE |
Response to an Amendment of a Documentary Credit |
|
DOCINF |
Documentary Credit Issuance Information |
|
DOE |
Design of Experiments; Department of the Environment |
|
DOI |
Date of Inception |
|
DOL |
Date of Loss |
|
DPI |
Disposable Personal Income |
|
DPP |
Deferred Payment Plan |
|
DQL |
Data Query Language |
|
DR |
Daily Report |
|
DST |
Daylight Saving Time |
|
Dupl. |
Duplicate |
|
DWT |
Deadweight Tonnage |
|
E&O |
Errors and Omissions |
|
E&OE |
Errors and Omissions Excepted |
|
EAR |
Erection All Risks |
|
ECB |
European Central Bank |
|
ECE |
Extended Coverage Endorsement |
|
ECG |
Electrocardiogram |
|
ECGD |
Export Credit Guarantee Department |
|
ECMWF |
European Centre for Medium Range Weather Forecasting |
|
ECU |
European Currency Unit |
|
EDI |
Electronic Data Interchange |
|
EDP |
Electronic Data Processing |
|
EDT |
Eastern Daylight Time |
|
EEI |
Electronic Equipment Insurance |
|
EEL |
Each and Every Loss; Emergency Exposure Limit |
|
EFT |
Electronic Funds Transfer |
|
EICAR |
European Institute of Computer Anti-Virus Research |
|
EII |
Economic Incentive Index |
|
EIL |
Environmental Impairment Liability (Cover) |
|
EIU |
Economic Intelligence Unit |
|
EML |
Estimated Maximum Loss |
|
EMPL |
Estimated Maximum Possible Loss |
|
EMS |
European Monetary System |
|
EMU |
European Monetary Union |
|
EOM |
End of Month |
|
EP |
Earned Premium |
|
EPA |
Environmental Protection Agency |
|
EPI |
Estimated Premium Income |
|
EPML |
Expected Probable Maximum Loss; Estimated Probable Maximum Loss |
|
EQA |
European Quality Award |
|
ERAS |
Environmental Risk Analysis System |
|
ERM ERP |
Exchange Rate Mechanism Extended Reporting Period |
|
ESIG |
Environmental and Societal Impacts Group |
|
ESO |
Executive Share Option |
|
ESOP |
Employee Stock Ownership Plan |
|
ESP |
Electrostatic Precipitator |
|
EST |
Eastern Standard Time |
|
ET |
Eastern Time |
|
ETA |
Estimated Time of Arrival |
|
EUA |
Eastern Underwriters Association; European Units of Account |
|
EVP |
Executive Vice President |
|
exch |
Exchange Rate |
|
EXIM |
Export Import Bank of the United States |
|
exp. |
Expenses |
|
EXW |
Ex Works |
|
F |
Fire |
|
F&A |
Fire and Allied Perils |
|
F&F |
Fixtures and Fittings |
|
F&T |
Fire and Theft |
|
F/S |
Financial Statement |
|
FA |
Faculty of Actuaries in Scotland |
|
FAA |
Federal Aviation Administration; Federal Actuarial Association |
|
FAIR |
Federation of Afro-Asian Insurers and Reinsurers |
|
FAR |
Federal Acquisition Regulations |
|
FAS |
Free Alongside Ship |
|
FASB |
Financial Accounting Standards Board |
|
FBL |
FIATA |
|
FC&S |
Free of Capture and Seizure Clause |
|
FCA |
Free Carrier |
|
FCAS |
Fellow of the Casualty Actuarial Society |
|
FCIC |
Federal Crop Insurance Corporation |
|
FCR |
Forwarding Agent's Certificate of Receipt |
|
FCT |
Forwarding Agent's Certificate of Transport |
|
FD |
Fire Department |
|
FDA |
Food and Drug Administration |
|
FDI |
Stock |
|
Foreign Direct Investment Stock |
|
|
FDIC |
Federal Deposit Insurance Corporation |
|
FEA |
Finite Element Analysis |
|
FEDI |
Financial Electronic Data Interchange |
|
FEOMA |
Foreign Exchange and Options Master Agreement |
|
FERIT |
Far East Regional Investigation Team |
|
FERS |
Federal Employee Retirement System |
|
FETAC |
Foreign Economic and Trade Arbitration Commission |
|
FFSA |
Fédération Française des Sociétés d'Assurances |
|
FGA |
Free of General Average |
|
FHA |
Federal Housing Administration |
|
FIA |
Fellow of the Institute of Actuaries; Full Interest Admitted; Factory Insurance Association |
|
FIATA |
Fédération Internationale des Associations de Transitaires et Assimilés |
|
FICA |
Federal Insurance Contributions Act |
|
FIDES |
Federacion Interamericana de Empresas de Seguros |
|
FIDIC |
Fédération Internationale des Ingénieurs Conseils |
|
FIFO |
First In |
|
figs |
Figures |
|
FII |
Federation of Insurance Institutes |
|
FINCAN |
Financial Cancellation Message |
|
FINSTA |
Financial Statement of Account Message |
|
FIRAA |
Fire Insurance Research and Actuarial Association |
|
FIRREA |
Financial Institutions Reform Recovery and Enforcement Act of 1989 |
|
FLEXA |
Fire |
0 |
FLMI |
Fellow of the Life Management Institute |
|
FLOP |
Fire Loss of Profits Insurance |
|
FM |
Factory Mutual |
|
FMC |
Federal Maritime Commission |
|
FMEA |
Potential Failure Modes and Effects Analysis |
|
FML |
Foreseeable Maximum Loss |
|
FNMA |
Federal National Mortgage Association; Fannie Mae |
|
FO |
Federal Official |
|
FOB |
Free on Board |
|
FOC |
Free of Charge; Fire Offices Committee |
|
FOD |
Foreign Object Damage |
|
FOM |
Fault of Management |
|
FORTRAN |
Programing Language |
|
FP |
Faithful Performance; Floating Policy |
|
FPA |
Free of Particular Average; Fire Protection Association |
|
FPM |
Feet per Minute |
|
FPS |
Feet per Second |
|
FRA |
Forward Rate Agreements |
|
FSR |
&CC |
|
FTC |
Federal Trade Commission |
|
FTE |
Full Time Equivalent |
|
FUA |
Farm Underwriters Association |
|
FYI |
For Your Information |
|
GA |
General Agent |
|
GAAP |
Generally Accepted Accounting Principles |
|
GAB |
General Adjustment Bureau |
|
GAIF |
General Arab Insurance Federation |
|
GAMC |
General Agents and Managers Conference |
|
GC |
General Cover |
|
GCT |
Greenwich Civil Time |
|
GD&T |
Geometric Dimensioning and Tolerancing |
|
GIC |
General Insurance Corporation |
|
GL |
Gross Line |
|
GLI |
United States Government Life Insurance |
|
GLM |
General Linear Model |
|
GTC |
Good Till Cancelled |
|
H&M |
Hull and Machinery |
|
HAZOP |
Hazard and Operability Study |
|
HC |
Held Covered; Honour Contract |
|
HCB |
Hollow Concrete Block |
|
HD |
Heavy Duty; High Definition |
|
HDD |
Heating Degree Days |
|
HHF |
Household Furniture |
|
HHG |
Household Goods |
|
HHP |
Householder's Policy |
|
HIO |
Health Insurance Organisation |
|
HO |
Homeowner's Policy |
|
HOA |
Homeowner's A Policy |
|
HOB |
Homeowner's B Policy |
|
HOC |
Homeowner's C Policy |
|
HOLUA |
Home Office Life Underwriters Association |
|
HPR |
Highly Protected Risk |
|
HSE |
Health and Safety Executive |
|
I&B |
Improvements and Betterments |
|
I.I.S. |
International Insurance Seminar |
|
i.R.O |
In Respect of |
|
I/A |
Insurance Auditor |
|
IA |
Institute of Actuaries |
|
IAA |
Insurance Accountants Association; International Actuarial Association |
|
IAAHU |
International Association of Accident and Health Underwriters |
|
IACA |
International Association of Consulting Actuaries |
|
IAIA |
International Association for Impact Assessment |
|
IAIS |
International Association of Insurance Supervisors |
|
IAM |
Institute of Advanced Motorists |
|
IAPC |
International Auditing Practices Committee |
|
IAR |
Industrial All Risks Policy |
|
IAS |
International Accounting Standards |
|
IASA |
Insurance Accounting and Statistical Association |
|
IASC |
International Accounting Standards Committee |
|
IASS |
Insurance Accounting and Statistical Society |
|
IATA |
International Air Transport Association |
|
IBAN |
International Bank Account Number |
|
IBC |
Insurance Bureau of Canada |
|
IBNR |
Incurred But Not Reported |
|
IBRA |
Indonesian Bank Restructuring Agency |
|
IBRC |
Insurance Brokers Registration Council |
|
ICA |
International Congress of Actuaries |
|
ICAC |
International Civil Aviation Committee (Organization) |
|
ICC |
International Chamber of Commerce; Interstate Commerce Commission; Institute Cargo Clauses |
|
ICE |
Internal Control Evaluation; Institution of Civil Engineering |
|
ICIA |
International Credit Insurance Association |
|
ICOM |
International Currency Options Market |
|
ICOW |
Increased Costs of Working |
|
ICQ |
Internal Control Questionnaires |
|
ICS |
International Chamber of Shipping |
|
IEC |
Inherent Explosion Clause |
|
IFAC |
International Federation of Accountants |
|
IFC |
International Finance Corporation |
|
IFF |
Institute of Freight Forwarders |
|
IFORS |
International Federation of Operational Research Societies |
|
IFRS |
International Financial Reporting Standards |
|
IFS |
Irish Free State |
|
IGP |
International Group Programme |
|
IHOU |
Institute of Home Offices Underwriters |
|
IIA |
Insurance Institute of America |
|
IIC |
Insurance Institute of Canada |
|
IIHS |
Insurance Institute for Highway Safety |
|
III |
Insurance Information Institute |
|
IIS |
International Insurance Seminar |
|
ILO |
International Labour Organization |
|
ILU |
Institute of London Underwriters |
|
ILUC |
Institute of London Underwriters Clause |
|
IM |
Inland Marine |
|
IMB |
International Maritime Bureau |
|
IMC |
International Maritime Committee |
|
IMCO |
International (Inter - Governmental) Maritime Consultative Organization |
|
IMDG Code |
International Maritime Dangerous Goods Code |
|
IMIB |
Inland Marine Insurance Bureau |
|
IMO |
International Maritime Organisation |
|
IMUA |
Inland Marine Underwriters Association |
|
Incoterms |
International Commercial Terms |
|
IOI |
International Oil Insurers |
|
IOP |
Irrespective of Percentage |
|
IOSCO |
International Organization of Securities Commissions |
|
IP |
Intellectual Property |
|
IPG |
Immediate Participation Guarantee Plan |
|
IPIS |
Intellectual Property Insurance Services |
|
IPPP |
Industrial Property Policy Program |
|
IPT |
Insurance Premium Tax |
|
IRB |
Insurance Rating Board |
|
IRDA |
Insurance Regulatory and Development Authority |
|
IRIC |
Inter-Regional Insurance Conference |
|
IRPM |
Individual Risk Premium Modification |
|
ISO |
Insurance Services Office; Insurance Services Organization |
|
ISSA |
International Social Security Association |
|
ISWS |
Illinois State Water Survey |
|
ITB |
Industry Training Board; Insurance Technical Bureau |
|
ITC |
Institute Time Clauses - Hulls |
|
ITU |
International Telecommunication Union |
|
IUAI |
International Union of Aviation Insurers |
|
IUMI |
International Union of Marine Insurance |
|
J&WO |
Jettison and Washing Overboard |
|
JIPE |
Japan Institute of Plant Engineers |
|
JIT |
Just in Time |
|
KO |
Keep off (do not insure this) |
|
L |
Life |
|
L&M |
Labour and Material (Payment) Bond |
|
L/S |
Local Sum Insured |
|
LCL |
Less-than-Carload Lot |
|
LI |
Liability |
|
LIA |
Life Insurance Association |
|
LIAA |
Life Insurance Association of America |
|
LIAMA |
Life Insurance Agency Management Association |
|
LIC |
Life Insurance Corporation; Life Insurance Committee |
|
LIFO |
Last In |
|
LIMNET |
London Insurance Market Network |
|
LIMRF |
Life Insurance Medical Research Fund |
|
LLP |
Large Loss Possibility |
|
LMX |
London Market Excess of Loss |
|
LNG |
Liquefied Natural Gas |
|
LOA |
Life Offices Association; Length Overall |
|
LOD |
Losses Occurring During |
|
LOF |
Lloyd's Open Form |
|
LOI |
Limit of Indemnity |
|
LOP |
Loss of Profit |
|
LPC |
Loss Prevention Council |
|
LPG |
Liquefied Petroleum Gas |
|
LPO |
Lloyd's Policy Office |
|
LPSO |
Lloyd's Policy Signing Office |
|
LST |
Local Standard Time |
|
LTD |
Long Term Disability |
|
LUA |
Lloyd's Underwriters Association; Liverpool Underwriters Association |
|
LUTC |
Life Underwriter Training Council |
|
M |
Marine |
|
M&C |
Manufacturers and Contractors; Manufacturers and Contractors Liability Insurance |
|
MC |
Manufacturers and Contractors Liability Insurance |
|
MAC |
Mysterious Alien Creature; Maritime Arbitration Commission |
|
MAELU |
Mutual Atomic Energy Liability Underwriters |
|
MAERP |
Mutual Atomic Energy Reinsurance Pool |
|
MAP |
Multicoverage Account Plan |
|
MAT |
Marine and Transport |
|
MBD |
Machinery Breakdown |
|
MBO |
Management by Objectives |
|
MCA |
Maximum Credible Accident |
|
MCE |
Management Centre Europe |
|
MCL |
Maximum Credible Loss |
|
MD |
Material Damage |
|
MDO |
Monthly Debit Ordinary |
|
MDP |
Mutual Damage Policy |
|
MEL |
Maximum Estimated Loss |
|
MFD |
Metropolitan Fire Department |
|
MFL |
Maximum Foreseeable Loss |
|
MIA |
Marine Insurance Act |
|
MIC |
Multiperil Insurance Conference |
|
MIGA |
Multilateral Investment Guarantee Agency |
|
MIP |
Master Insurance Program; Machinery Insurance Policy |
|
MIS |
Management Information System |
|
ML |
Multi-Line; Multiple Location |
|
MLE |
Maximum Loss Expectancy |
|
MLG |
Main Landing Gear |
|
MLIRB |
Multi-Line Insurance Rating Bureau |
|
MLOP |
Machinery Loss of Profits |
|
MLR |
Multiple Location Risk |
|
MO |
Mark Off; Manufacturer's Output |
|
MOS |
Months |
|
MP |
Minimum Premium; Multi-Peril |
|
MPCI |
Multiple Peril Crop Insurance |
|
MPG |
Miles per Gallon |
|
MPH |
Miles per Hour |
|
MPIRO |
Multiple Peril Insurance Rating Organization |
|
MPL |
Maximum Probable Loss; Maximum Potential Loss; Maximum Possible Loss |
|
MPPCF |
Million Particles per Cubic Foot |
|
MPPD |
Maximum Probable Property Damage |
|
MRFL |
Maximum Reasonably Foreseeable Loss |
|
MSA |
Measurement System Analysis |
|
MST |
Mountain Standard Time |
|
MTO |
Multimodal Transport Operator |
|
MTOW |
Maximum Take Off Weight |
|
N/A |
Not Applicable |
|
N/D |
Non-Delivery |
|
NACHA |
National Automated Clearinghouse Association |
|
NACOA |
National Advisory Committee on the Oceans and Atmosphere |
|
NAIA |
National Association of Insurance Agents |
|
NAIB |
National Association of Insurance Brokers |
|
NAIC |
National Association of Insurance Commissioners |
|
NAII |
National Association of Independent Insurers |
|
NALU |
National Association of Life Underwriters |
|
NAMCC |
National Association of Mutual Casualty Companies |
|
NAMIA |
National Association of Mutual Insurance Agents |
|
NAS |
National Academy of Sciences |
|
NATB |
National Automobile Theft Bureau |
|
NAUA |
National Auto Underwriters Association |
|
NBCU |
National Bureau of Casualty Underwriters |
|
NBFU |
National Board of Fire Underwriters |
|
NBS |
National Bureau of Standards |
|
NC |
No Charge |
|
NCAD |
Notice of Cancellation at Anniversary Date |
|
NCAR |
National Centre for Atmospheric Research |
|
NCB |
No Claim Bonus |
|
NCBOR |
No Claim Bonus on Renewal |
|
NCEP |
National Centre for Environmental Prediction |
|
NCI |
No Common Interest |
|
NCP |
No Claim Policy |
|
NELIA |
Nuclear Energy Liability Insurance Association |
|
NEL |
-PIA |
|
NEPA |
National Environmental Policy Act |
|
NEPIA |
Nuclear Energy Property Insurance Association |
|
NFC |
National Fraternal Congress of America |
|
NFPA |
National Fire Protection Association |
|
NFS |
National Forest Service |
|
NFWC |
National Fire Waste Council |
|
NHC |
National Hurricane Centre |
|
NHRE |
National Hail Research Experiment |
|
NIAC |
Nuclear Insurance Association of Canada |
|
NIASA |
National Insurance Buyers Association |
|
NICB |
National Insurance Crime Bureau |
|
NLE |
Normal Loss Expectancy; Natural Limit of Exposure |
|
NLG |
Nose Landing Gear |
|
NLt |
Night Letter |
|
NML |
Normal Maximum Loss |
|
NOAA |
National Oceanic and Atmospheric Administration |
|
NOC |
Not Otherwise Classified; Non-can; Non-Cancellable; Non-par; Non-Participating |
|
NP |
Note Payable |
|
NPS |
National Park Service |
|
NQ |
(or NQA |
|
Net Quick Assets |
|
|
NR |
Note Receivable; Not Rated |
|
NRV |
New Replacement Value |
|
NSBIU |
Nova Scotia Board of Insurance Underwriters |
|
NSC |
National Safety Council |
|
NSLI |
National Service Life Insurance |
|
NTO |
Not Taken Out or Not Taken |
|
NVOC |
Non-Vessel Operating Carrier |
|
NW |
Net Worth |
|
NWF |
Net Working Fund |
|
O/A |
Original Assured |
|
O/R |
Overriding Commission |
|
O/S |
Out of Stock; Outstanding |
|
OASI |
Old Age and Survivors Insurance |
|
OC |
Open Cover |
|
OCP |
Owners and Contractors Protective Liability Insurance |
|
OECD |
Organization for Economic Cooperation and Development |
|
OG |
On Gross |
|
OGNRPI |
Original Gross Net Retained Premium Income |
|
OGPI |
Original Gross Premium Income |
|
OGR |
Original Gross Rate |
|
OIA |
Oil Insurance Association |
|
OIP |
Organization for Insurance and Pensions |
|
OL&T/OL+T/OLT |
Owners |
|
OMB |
Office of Management and Budget |
|
ONC |
Ordinary National Certificate |
|
ONR |
Original Net Rate |
|
OP |
Original Premium; Order Policy |
|
OR |
Original Rate |
|
OSHA |
Occupational Safety and Health Administration |
|
OT |
Occupational Therapy |
|
OTC |
Over the Counter |
|
P&C |
Property and Casualty |
|
P&I |
Protection and Indemnity |
|
P&L |
Profit and Loss |
|
P&P |
Property and Persons |
|
P/A |
Power of Attorney |
|
PA |
Particular Average; Public Accountant |
|
PACT |
Parliamentary Advisory Council of Transport Safety |
|
PAP |
Pension Administration Plan; Private Automobile Policy |
|
PAYDUC |
Payroll Deductions Advice |
|
PAYE |
Pay As You Earn |
|
PAYEXT |
Extended Payment Order |
|
PAYMUL |
Multiple Payment Order |
|
PAYOD |
Payment Order |
|
PC |
Petty Cash |
|
PCB |
Polychlorinated Biphenyls |
|
PCBB |
Primary Commercial Blanket Bond |
|
PCOR |
Profit Commission on Renewal |
|
PD |
Property Damage |
|
PDC |
Premium and Dispersion Credits |
|
PDH |
Property Damage Household |
|
PEBB |
Public Employees Blanket Bond |
|
PEC |
Pre-existing Condition |
|
PEF |
Personal Effects Floater |
|
PEFCO |
Private Export Funding Corporation |
|
PEP |
Pension Savings Plan |
|
PERT |
Program Evaluation and Review Technique |
|
PFI |
Private Financial Initiative |
|
PFSAC |
Private and Financial Sector Adjustment Credit |
|
PIA |
Press Internationale des Assurances |
|
PICC |
People's Insurance Company of China |
|
PILR |
Property Insurance Loss Register |
|
PIOPIC |
Clause Protection and Indemnity Oil Pollution Indemnity Clause |
|
PIP |
Public and Institutional Property |
|
PL |
Programing Language; Partial Loss |
|
PLATO |
Pollution Liability among Tanker Owners |
|
PLC |
Public Limited Company |
|
PLE |
Primary Loss Expectancy |
|
PLL |
Passenger Legal Liability |
|
PLR |
Primary Loss Retention |
|
PML |
Possible Maximum Loss; Probable Maximum Loss |
|
PMLE |
Probable Maximum Loss Expectancy |
|
PN |
Promissory Note |
|
PO |
Public Official |
|
POS |
Point of Sale |
|
POST |
Peace Officer Standards and Training |
|
POTS |
Perils of the Sea |
|
PP |
Percentage Point |
|
PP&C |
Personal Property and Casualty |
|
PPAP |
Production Part Approval Process |
|
PPF |
Personal Property Floater |
|
PPI |
Policy Proof of Interest (Honour Policy) |
|
PPM |
Parts per Million Analysis |
|
PRA |
Political Risk Assessment |
|
PRD |
Pro Rata Distribution (Clause) |
|
PS |
Principal Sum |
|
PSA |
Policy Suspense Account |
|
PSAC |
(pi'soeik) |
|
Policy Signing and Accounting Centre |
|
|
PSC |
Public Service Commission |
|
PSD |
Prevention of Significant Deterioration |
|
PSSBB |
Public School System Blanket Bond |
|
PT |
Pacific Time |
|
PUC |
Public Utilities Commission |
|
PV |
Present Values |
|
PvEHE |
Private Expenditure on Health |
|
QFD |
Quality Function Deployment |
|
QOS |
Quality Operating System |
|
QSA |
Quality System Assessment |
|
QTY |
Quantity |
|
R&CC |
Riots and Civil Commotions |
|
R/I |
Reinsurance; Reinsured |
|
RBNS |
Reported but Not Settled Claims |
|
RD |
Risk of Decontamination |
|
RDC |
Running-Down Clause |
|
RE |
Real Estate |
|
REMADV |
Remittance Advice Message |
|
RES.EXP |
Rescuer's Expenses |
|
REX |
Risk Exchange |
|
RHBI |
Rain and Hail Insurance Bureau |
|
RIA |
Railroad Insurance Association |
|
RICS |
Royal Incorporation of Chartered Surveyors |
|
RIMS |
Risk and Insurance Management Society |
|
RINET |
Reinsurance and Insurance Network |
|
RIRG |
Risk and Insurance Research Group |
|
RM |
Risk Manager |
|
RML |
Residual Market Loading |
|
ROA |
Reinsurance Offices' Association |
|
ROE |
Rate of Exchange; Return on Equity |
|
ROLAC |
Registry of Life Assurance Commissions |
|
RoSPA |
Royal Society for the Prevention of Accidents |
|
RP |
Return Premium |
|
RPK |
Revenue Passenger Kilometres |
|
RRCC |
Reduced Rate Contribution Clause |
|
RS |
Revised Statutes |
|
RTA |
Road Traffic |
|
RU |
Railway Underwriter |
|
S&M |
Stock and Machinery |
|
S/A |
Special Agent or State Agent |
|
S/R |
Safety Representative |
|
SA |
Society of Actuaries |
|
SAS |
Statement of Auditing Standards |
|
SCS |
Small Claims |
|
SDR |
Special Drawing Rights |
|
SDWMP |
South Dakota Weather Modification Program |
|
SEBI |
Securities and Exchange Board of India |
|
SEC |
Securities and Exchange Commission |
|
SEEO |
Salvo errore et omissione |
|
SELP |
Social-Economic-Legal-Political |
|
SERPS |
State Earnings Related Pension Scheme |
|
Setl Ccy |
Settlement Currency |
|
SEUA |
Southeastern Underwriters Association |
|
SFA |
Securities and Futures Authority |
|
SFPE |
Society of Fire Protection Engineers |
|
SG Policy |
Ship and Goods Policy |
|
SIO |
Social Insurance Organization |
|
SIR |
Self-Insured Retention |
|
SITC |
Swiss Insurance Training Centre |
|
SMP |
Sinistre Maximum Probable; Sinistre Maximum Possible |
|
SMP |
Special Multi-Peril Policy |
|
SOL |
Shipowner's Liability |
|
SOLAS |
Safety of Life at Sea |
|
SOP |
Standard Operating Procedure |
|
SP |
Sine Prole |
|
SPC |
Statistical Process Control |
|
SQL |
Structured Query Language |
|
SR |
Short Rate |
|
SR |
&CC |
|
SRA |
Self-Regulatory Agency |
|
SSA |
Social Security Actuary |
|
SSD |
Social Security Department |
|
SST |
Sea Surface Temperature |
|
STATAC |
Statement of Account |
|
STC |
Standard Trading Conditions |
|
SVPA |
Supplementary Voluntary Pension Assurance |
|
SWIFT |
Society for Worldwide Interbank Financial Telecommunication |
|
SWOT |
Strengths |
|
T |
Total |
|
TASH |
Technology Assessment of the Suppression of Hail |
|
TAV |
Total Asset Value |
|
TB |
Trial Balance |
|
TBA |
To Be Advised |
|
TCAS |
Traffic Alert and Collision Avoidance System |
|
TCV |
Total Contract Value |
|
TDB |
Temporary Disability Benefits |
|
TE |
Time Excess |
|
TGR |
Thing Gone Right |
|
TGW |
Thing Gone Wrong |
|
TIRB |
Transportation Insurance Rating Bureau |
|
TL |
Transport Liability |
|
TLO |
Total Loss Only |
|
TNEC |
Temporary National Economic Committee |
|
TOF |
Training Officers Forum |
|
TOT |
Total |
|
TOVALOP |
Tanker Owners' Voluntary Agreement Concerning Liability for Oil Pollution |
|
TPA |
Trading Partner Agreement |
|
TPD |
Third Party Death |
|
TPL |
Total Probable Loss; Third Party Liability |
|
TPND |
Theft |
|
TQM |
Total Quality Management |
|
TRIP |
Total Revenue Increase Potential |
|
TSB |
Trustee Savings Bank |
|
TSI |
Total Sum Insured |
|
TWDB |
Texas Water Development Board |
|
TWI |
Training Within Industry |
|
U&O |
Use and Occupancy |
|
UCAR |
University Corporation for Atmospheric Research |
|
UCC |
Uniform Commercial Code |
|
UJF |
Unsatisfied Judgment Fund |
|
UN /ECE |
United Nations Economic Commission for Europe |
|
UN /EDIFACT |
United Nations Electronic Data Interchange for Administration Commerce and Transport |
|
UNCID |
Uniform Rules of Conduct for Interchange of Trade Data by Teletransmission |
|
UNCITRAL |
United Nations Commission on International Trade Law |
|
UNCTAD |
United Nations Conference on Trade and Development |
|
UNESPA |
Spanish Association of Insurance Companies |
|
UOA |
Use of Other Automobiles |
|
UP |
Unearned Premium |
|
UPR |
Unearned Premium Reserve |
|
USA |
Underwriters' Service Association |
|
USAIG |
United States Aircraft Insurance Group |
|
USASI |
United States of America Standards Institute |
|
USDA |
United States Department of Agriculture |
|
USGLI |
United States Government Life Insurance |
|
USPHS |
United States Public Health Service |
|
UW |
Underwriter |
|
UWRS |
Underwriters |
|
V&MM |
Vandalism and Malicious Mischief |
|
VAN |
Value Added Network |
|
VAR |
Value at Risk |
|
VAT |
Value Added Tax |
|
VE |
/VA |
|
VFD |
Volunteer Fire Department |
|
VLCC |
Very Large Crude Carrier |
|
VLS |
Valuation Linked Scheme |
|
VVBR |
Very |
|
W |
Workmen's Compensation |
|
WA |
With Average |
|
WACC |
Weighted Average Cost of Capital |
|
WBS |
Without Benefit of Salvage |
|
WC |
Workmen's Compensation |
|
WCO |
World Customs Organization |
|
WD |
Water Damage |
|
WEF |
World Economic Forum |
|
WIC |
War Insurance Corporation |
|
WIHO |
Winterthur International Home Office |
|
WIN |
World Insurance Network |
|
WMO |
World Meteorological Organization |
|
WOH |
Work on Hand |
|
WPA |
With Particular Average |
|
WQIA |
Water Quality Improvement Act |
|
WQIS |
Water Quality Insurance Syndicate |
|
WTO |
World Trade Organization |
|
WUA |
Windstorm Underwriting Association |
|
X-Bracing |
Cross Bracing |
|
XCL |
Excess Current Liabilities |
|
XL |
Excess Loss |
|
YRT |
Yearly Renewable Term |
|